Florida Business Owners Package (BOP) Policy

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A Business Owners Package Policy (BOP) Can Ensure The Security Of Your Company

If you own and operate your own business, chances are that these sour economic times have you looking at your ledgers and balance sheets, scouring for fat to trim and savings to create. And this can be a good thing for the short term financial health of your company. But, you need to be careful, and only cut the fat within reason. If your payroll is too high, consider lowering wages or slashing your work force. If your overhead costs are too high, consider cutting back on productive hours of operation.

Unfortunately, in these troubled economic times, one of the very first things to go in order to trim the fat is commercial and business insurance coverage. Even though these policies are highly effective at offering you and your business the protection that it needs for the long term interests of your business, they can be expensive. But it is vitally important that you maintain the much needed protection of your company’s long term financial interests by obtaining an array of policies.

In fact, in an effort to save you and your company money, there is a wonderful option out there to offer you a bundle package on commercial or small business insurance. Through the purchase and procurement of a business owners package policy (BOP), you can obtain all of the basic forms of insurance all in one comprehensive policy.

For your small business, it is a good idea to have a business owners policy that offers you at least basic liability coverage, which covers you and your business in the event that an employee, a customer or client, or a passerby is injured through interaction with your company.

Also, these business owners package policies offer a broad range of coverage for your company vehicles, both when they are on the road or when they are parked, either on company property or not. This form of coverage works a lot like individual auto insurance does, only it applies to every vehicle in your company’s fleet, and it covers all of your employees who drive company vehicles. Florida Commercial Property Coverage

These business owners package policies also cover property damage to both your commercial property, and work as a liability shield for other forms of personal property that are damaged in the course of business operations.

Note, though, that a basic business owners package policy only includes basic coverage, they often do not include flood insurance coverage, hurricane/wind coverage, excess liability coverage or certain kinds of specialized vehicle or property coverage. A & A Underwriters can help customize a business owners package policy that will cover all of the basics in one simple policy, and we’ll let you know if you need any additional coverage.

There is much, much more to a BOP Policy in Florida. The best way to understand how it will protect your business is to Request a Quote and we'll discuss your unique situation.